Year: 2017

News India Times: Indian-Americans attend Sikh Chamber Of Commerce annual gala in Jersey City

The organizing team of the Sikh American Chamber of Commerce presenting the 2017 speakers with awards at the organization’s annual gala Oct. 7 in Jersey City, N.J. From left, Sandeep Chandi, Gundeep Singh, Harpreet Wasan, Payal Kapoor, Sunny Kaila; guest speakers Kanwal Rekhi and Reshma Saujani; Kam Kaila; guest speaker Vijay Chattha; Jas Kaur; Kanwal Samra; and Rheanna Athwal. (Photo courtesy SACC)

The Indian American business community came together at the Liberty Science Center in New Jersey Oct. 7, for the annual gala of the Sikh American Chamber of Commerce..  This year’s gala was the biggest yet, organizers said, with more than 500 entrepreneurs in attendance. The speakers focused on emerging business opportunities in both the United States and India.

The guest speakers at the 6th annual gala included Kanwal Rekhi, managing director of Inventus Capital Partners and first Indian-American founder and CEO to take his company public on NASDAQ; Reshma Saujani, founder of the non-profit Girls Who Code; and Vijay Chattha, founder and CEO of VSC and Wareness Studio.

This year’s theme was “Dream Bigger” and, according to organizers, the three guest speakers “embody this mantra.”

A section of the audience at the Sikh American Chamber of Commerce annual gala held in Jersey City, N.J. Oct. 7. (Photo courtesy SACC)

The Gala is meant to showcase successful Sikh entrepreneurs coming together to promote mutual prosperity, according to the organization’s website.

“I’m honored to contribute to this event and share my journey in hopes that it may inspire others to become change agents,” Saujani is quoted saying at the event, according to a press release from SACC. Rekhi discussed raising millions of dollars for startups in the U.S. and India and his work on regulatory reform in India.

“It is organizations such as the SACC and TiE, which I co-founded, that will help drive the entrepreneurial spirit in US and India that is needed in order to foster the right economic climate for Indian prosperity,” Rekhi is quoted saying. Chattha said galas like that organized by SACC were a great opportunity for the community to “find inspiration and think and dream bigger.”

http://www.newsindiatimes.com/indian-americans-attend-sikh-chamber-of-commerce-annual-gala-in-jersey-city

CEOs Beware When Doing Business in India: Your Intellectual Properties are at Risk!

For Immediate Release
June 21, 2017

Contact:
Kam Kaila – Director of Communication, The Sikh American Chamber of Commerce (SACC)
732 379 6180 or info@sikhamericanchamber.org

CEOs Beware When Doing Business in India: Your Intellectual Properties are at Risk!

In light of Prime Minister Modi’s visit to Washington DC on June 23rd, the Sikh American Chamber of Commerce (SACC) would like to shine a light on a persistent problem affecting American CEOs in regards to their continued investments in India with our global membership expressing major concerns about the lack of protection by the Indian government.

During a previous visit by the Indian delegation, under the Obama administration, American CEOs collectively expressed their concerns with the lack of protection provided to entrepreneurs with regards to their Intellectual Property, Product Patents, Copyright infringement and much more. Since that delegations visit, members of the SACC have seen little relief to these continued concerns. Members of the SACC have been robbed of intellectual property and their customer contacts are being poached. The intellectual properties our members have spent a lifetime building are being stolen with no injunctive relief or recourse from the Indian government.

The SACC has consistently promoted giving back to our roots; helping to build up India. Our question to Prime Minister Modi, how can we continue to promote and support India, when India is not supporting or protecting us? What recourse does a CEO have when their customer lists are stolen? Or their patent is copied and sold cheaper? What protections are being offered from the central and local governments?

The greater concern is that the cost of doing business in India is becoming a liability for businesses. Until further protections and assurances are given, Western CEOs should proceed with caution when considering their growth strategies and developing investments in India.

On behalf of our members and our community, the SACC welcomes an open dialogue to discuss these challenges to better understand what the Indian government will do to assist in effectively protecting their investments. Until then- beware.

 

About SACC
The Sikh American Chamber of Commerce (SACC) is a non-profit organization established with the unique vision to join Sikh businesses and professionals in the spirit of enterprise. Their goals are to provide a forum for effective business networking, promote entrepreneurship with the community, and assist other Sikh professionals in the continued growth of their businesses and their careers. Over the past 7 years, SACC has successfully coordinated a number of industry specific training workshops, networking events, career fairs, leadership summits, internship programs and an annual gala.

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